Illinois Tool Works (NYSE:ITW) Updates FY 2026 Earnings Guidance

Illinois Tool Works (NYSE:ITW) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 11.350-11.550 for the period, compared to the consensus EPS estimate of 11.340. The company issued revenue guidance of $16.7 billion-$16.8 billion, compared to the consensus revenue estimate of $16.6 billion.

Illinois Tool Works Stock Up 4.8%

Illinois Tool Works stock traded up $13.68 during midday trading on Tuesday, hitting $298.50. 418,673 shares of the company were exchanged, compared to its average volume of 1,418,467. The company’s fifty day moving average price is $263.11 and its 200-day moving average price is $267.30. Illinois Tool Works has a fifty-two week low of $238.82 and a fifty-two week high of $303.15. The company has a market cap of $85.88 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 4.86 and a beta of 1.00. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.19 and a quick ratio of 0.86.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.79 by $0.05. The business had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.19 billion. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, research analysts predict that Illinois Tool Works will post 11.37 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were issued a dividend of $1.61 per share. The ex-dividend date was Tuesday, June 30th. This represents a $6.44 dividend on an annualized basis and a yield of 2.2%. Illinois Tool Works’s payout ratio is currently 59.80%.

Analyst Ratings Changes

A number of research firms have weighed in on ITW. Wolfe Research restated an “underperform” rating and issued a $286.00 price target on shares of Illinois Tool Works in a research note on Thursday, July 9th. Barclays decreased their target price on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st. The Goldman Sachs Group reaffirmed a “sell” rating and set a $254.00 target price on shares of Illinois Tool Works in a research report on Thursday, April 30th. Citigroup reiterated a “neutral” rating on shares of Illinois Tool Works in a report on Monday, July 13th. Finally, Weiss Ratings lowered Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $274.00.

Insider Activity

In other Illinois Tool Works news, Director Jennifer F. Scanlon bought 806 shares of Illinois Tool Works stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average cost of $247.99 per share, with a total value of $199,879.94. Following the acquisition, the director directly owned 1,652 shares of the company’s stock, valued at $409,679.48. The trade was a 95.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.83% of the stock is owned by corporate insiders.

Institutional Trading of Illinois Tool Works

Several large investors have recently made changes to their positions in ITW. Kemnay Advisory Services Inc. acquired a new stake in shares of Illinois Tool Works during the 4th quarter valued at about $27,000. Motiv8 Investments LLC acquired a new position in shares of Illinois Tool Works during the fourth quarter valued at $27,000. Sfam LLC bought a new position in Illinois Tool Works during the 4th quarter valued at $31,000. Meeder Asset Management Inc. lifted its stake in Illinois Tool Works by 215.0% during the fourth quarter. Meeder Asset Management Inc. now owns 126 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 86 shares during the last quarter. Finally, Wealth Watch Advisors INC lifted its stake in Illinois Tool Works by 347.2% during the fourth quarter. Wealth Watch Advisors INC now owns 237 shares of the industrial products company’s stock valued at $58,000 after buying an additional 184 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Illinois Tool Works Company Profile

Illinois Tool Works Inc (ITW) is a diversified industrial manufacturer that designs and produces a broad array of engineered products, consumables and related service solutions for industrial customers. Its offerings span engineered fastening systems, specialty components, industrial equipment, welding products, foodservice and packaging equipment, adhesives and polymer products, and test-and-measurement technologies. These products are used as critical inputs by customers across automotive, construction, electronics, foodservice, maintenance and other industrial end markets.

The company operates a decentralized business model in which independently managed businesses focus on niche product lines and close customer relationships.